Gold and What Moves it.
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Gold and What Moves it.
Tracking all things that relate to and affect the price of gold.
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Forget Retirement... and Retirement Savings - The Dollar Vigilante Blog -

Forget Retirement... and Retirement Savings - The Dollar Vigilante Blog - | Gold and What Moves it. | Scoop.it

"You've been sold a bill of goods for the last four to six decades. You've been told that nation-states, democracy and socialism is good. You've been told our monetary system prevents instability. And, while the government and central banks put your unborn children or grandchildren into debt for life they've been telling you that there will be a socialist safety net to protect you and that the "American dream" includes retiring in your 50s or 60s to a wonderful life of golf and lying on the beach..."

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A Weak Economy Remains Gold’s Best Friend | The Daily Gold

A Weak Economy Remains Gold’s Best Friend | The Daily Gold | Gold and What Moves it. | Scoop.it

"The current decoupling of precious metals and equities combined with an unsustainable recovery provides insight into the future. With equities nearing major resistance and precious metals emerging from an important low, it is obvious which asset class is in position to benefit from disappointing economic data and which asset class could enter a mild cyclical bear market. Equities have already experienced two nasty bear markets and two recessions. Though still in a secular bear, the likely outcome of the next few years is far more likely to be something on the order of the late 1970s and not the mid 1970s.

 

"The combination of the failure of equities to make new highs and continued disappointing economic data would likely serve as a catalyst to ignite the precious metals sector while equities could enter a situation similar to the late 1970s. The potential struggle of equities combined with a resurgence in precious metals will ultimately attract the hot money inflows that we have not seen since 2006-2007..."

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Stephen Leeb sees mad dash to gold once inflation heats up.

Stephen Leeb sees mad dash to gold once inflation heats up. | Gold and What Moves it. | Scoop.it

Stephen Leeb tells King World News "But what I’m saying is the Western world is going to need even more easing, more money. All of this is incredibly bullish for gold longer-term. I do think you have to navigate the end of the euro before the next massive move in gold, but that’scoming. It’s possible that gold may get hit initially as the euro fails, but you have to buy it if it does.

 

"In the end, the only way this is going to work out is with massive liquidity and inflation. This inflation is already much more prevalent than any of the numbers suggest. But once the public realizes inflation is heating up, you will see a mad dash for gold...”

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Today's Darwin News: Two Teens Hit By Car While Sunbathing ON the Road | Jr Deputy Accountant

Today's Darwin News: Two Teens Hit By Car While Sunbathing ON the Road | Jr Deputy Accountant | Gold and What Moves it. | Scoop.it

"I'm not sure what's the stupidest part of this story, the fact that they were in the road tanning or that they were tanning at all.

 

"While it's tragic two young girls were run over, the real tragedy is that we've reached the point in our civilized development where news like this is no longer shocking..."

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Twitter / Laura Gross: Total US Debt Soars To 101 ...

Total US Debt Soars To 101.5% Of GDP - http://t.co/EnVDYrvq
May 02 via bitly Favorite Retweet Reply

Total US Debt Soars To 101.5% Of GDP - http://t.co/EnVDYrvq...
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Hugh Hendry On Europe "You Can't Make Up How Bad It Is" | ZeroHedge

"At The Milken Institute conference yesterday, Hugh Hendry delivered his usual eloquent and critical insights on the state of Europe. Beginning with the statement that "All of Europe has defaulted", the canny-wee-fella (translation: shrewd and cautious young chap) explained that "The political economy in Europe is such that the politicians chose to default on their spending obligations to their citizens in order to honor the pact with their financial creditors and so as time goes on, the politicians are being rejected." Between France's election of Mr. Hollande and Luxembourg's 'when times get tough you have to lie' Juncker, Hendry says the only inspiration for Europe is fiction as "you just can't make up how bad it is" as he goes on to discuss the precedent for a way forward, the grotesque distortions of fixed exchange rate regimes, why Weimar happened, why the transfer union will never happen, Ayn Rand's reality, and fear politicians are feeling.

"The entire discussion is well worth watching..."

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US Factory Orders Post Biggest Decline Since March 2009 | ZeroHedge

US Factory Orders Post Biggest Decline Since March 2009 | ZeroHedge | Gold and What Moves it. | Scoop.it
That March factory orders declined 1.5% was not very surprising: the market was expecting a decline of 1.6%. However, this is not good news as the prior February increase of 1.3% was revised lower to 1.1%, netting out as a negative two month change.

 

"And so on. This will shortly usher follow through revisions to Q2 GDP forecasts which is nearly half way into the quarter with less than a bang."

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Guest Post: The New World Order: Paranoia Or Reality? | ZeroHedge

Guest Post: The New World Order: Paranoia Or Reality? | ZeroHedge | Gold and What Moves it. | Scoop.it
Submitted by Brandon Smith from Alt MarketThe New World Order: Paranoia Or Reality?

 

"...Another issue which average Americans stumble over is the fraudulent notion of the left/right paradigm. For those within the ranks of the New World Order, “left” and “right”, Democrat and Republican, are ultimately meaningless terms. This is undeniable after one realizes that the leadership on both sides of the aisle exhibit almost identical policy initiatives and voting records. When the two primary political entities of a system differ only in rhetoric but not in action, one has to question whether they are separate parties at all..."

 

Totally agree with that statement.

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Embry - ‘President’s Working Group on Financial Markets’ is in the market, virtually every day

Embry - ‘President’s Working Group on Financial Markets’ is in the market, virtually every day | Gold and What Moves it. | Scoop.it

With the Dow now at its highest level since December of 2007, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management. Embry told KWN “This is totally unrealistic and unsustainable.” Embry also discussed gold and the mining shares, and what he is doing with his own money, but first, here is what Embry had to say about what is happening in the stock market: “There is enormous interference in the stock market. The ‘Plunge Protection Team’ or ‘President’s Working Group on Financial Markets’ is in the market, virtually every day, making sure there is enough money being funneled to their primary dealers, so the stock market never has a serious hiccup.”

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Norcini - Traders Are Literally on the Edge

Norcini - Traders Are Literally on the Edge | Gold and What Moves it. | Scoop.it

Dan Norcini tells King World News:

 

"This is because stock traders feel the Fed has put a floor under the market, which is what Eveillard was alluding to in his KWN interview yesterday. Eveillard also made the point that what the Fed is doing is dangerous, and it will have negative unintended consequences.

 

"The bottom line is this whipsaw action is continuing to destroy some traders. Many of these trendless markets are also taking a toll on guys that are just looking to ride the trend. It’s grinding up their accounts. Traders like volatility, but trendless markets can be very dangerous.

 

"I’ve never seen anything like this in my career. This is the kind of whipsaw action that sends traders to the sidelines, and maybe even to a shrink...”"

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Twitter / George V. Hulme: The euro-zone crisis: Call ...

The euro-zone crisis: Call it a depression | The Economist: http://t.co/8cIOa6Bf #mkt
May 02 via Tweet Button Favorite Retweet Reply

The euro-zone crisis: Call it a depression | The Economist: http://t.co/8cIOa6Bf #mkt...
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Gold Rated 'Dead Money' Rest of 2012 - TrimTabs Money Blog | TrimTabs Money Blog

Gold Rated 'Dead Money' Rest of 2012 - TrimTabs Money Blog | TrimTabs Money Blog | Gold and What Moves it. | Scoop.it
By Dan Dorfman Dorfman And Dollars Dan Dorfman follows the dollars and sense of the markets    The gold debate--up or down--...

 

"A long-term gold bull, Jeffrey Nichols, managing director of American Precious Metals Advisors and senior consultant to Rosland Capital, a leading dealer in precious metals, also thinks the near-term outlook for gold may be fraught with risk, what with the metal, he tells me, possibly dropping to about the $1,500 level after having tested the $1,620-$1,625 range. That would represent a drop of about $160 an ounce.

 

"One key reason for his gloomy near-term gold outlook, he points out, is the Euro’s difficulty, which has boosted the U.S. dollar as many investors, seeking a safe-haven, have piled into Treasuries. As a result, he notes, momentum has shifted into reverse, causing speculators and traders to move to the downside, in turn “putting a cap on gold.”

 

"But Nichols views any weakness as a long-term buying opportunity, citing such gold plusses as European sovereign risks, mounting concern about the Euro and the dollar as a reliable store of value and rapidly growing gold purchases by central bank reserve managers, who expanded their reported bullion reserves by nearly 440 tons last year, the biggest annual increase in almost five decades..."

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Gold: The Bargain Of A Lifetime | The June 28th Gold Catalyst

Gold: The Bargain Of A Lifetime | The June 28th Gold Catalyst | Gold and What Moves it. | Scoop.it
By Ian Cooper (Wealth Daily | Original Link) You knew this was coming. You knew it couldn’t last forever. That bull market in gold you’ve come to know and love? It’s over… Done. Kaput.

 

"But if you’re smart — and I know by virtue of the fact that you’re reading Wealth Daily that you are — you’d buy gold here on dips for one simple reason…

 

"Fundamentally, nothing has changed.

 

"The main catalysts for gold going up are still there.

 

"And even higher prices are on the way for patient investors..."

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oftwominds-Charles Hugh Smith: We Are Not Powerless: Resisting Financial Feudalism

oftwominds-Charles Hugh Smith: We Are Not Powerless: Resisting Financial Feudalism | Gold and What Moves it. | Scoop.it

by Charles Hugh Smith:

 

"It's comforting to think "I can't do anything to resist the Central State and its financial Plutocracy," but it's not true. There are many of acts of resistance you can pursue in your daily life; here are 12 perfectly legal ones.

 

"That we are powerless is one of the key social control myths constantly promoted by the Status Quo. What better way to keep the serfs passive than to reinforce a belief in their powerlessness against the expansive Central State and its financial feudalism?

 

"But we are not powerless. Our complicity gives the aristocracy its power. Remove our complicity and the aristocracy falls.

 

"The pathway of dissent is to resist financial feudalism and its enforcer, the expansive Central State. Here are twelve paths of resistance any adult can legally pursue in the course of their daily lives:..."

 

Click over for the rest.

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Video: Marshall Berol Says Gold Still Very Attractive

Video: Marshall Berol Says Gold Still Very Attractive | Gold and What Moves it. | Scoop.it
Co-portfolio manager of Encompass Fund finds despite current geopolitical and debt problems, the modest economic growth is good for precious/industrial metals and energy.

 

Marshall Berol, co-portfolio manager, Encompass Fund: 

 

"I think if you look at gold and silver, it’s more of a consolidation and a correction, if you will. That’s terminology. But the fact of the matter is, there are a variety of reasons that gold went up — and it’s gone up for the last 11 years — and basically none of them are solved."

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The Central Bankers' Gold Price Manipulation Footprints or "Fat Fingers"? :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website

The Central Bankers' Gold Price Manipulation Footprints or "Fat Fingers"? :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website | Gold and What Moves it. | Scoop.it
The Central Bankers' Gold Price Manipulation Footprints or...

 

"The trend that we and others have noticed in the last decade is that the Asians usaully buy gold overnight and then the Americans sell it when their markets open from around 8AM New York time. As you can see from the chart below the gold price once again dropped sharply during U.S. hours (chart is London time or 5 hours ahead of EST) today after looking like it was ready to break out through the $1670 level. Could it really be that we have gotten a case of two "fat fingers" in two days or is t more a case of price management by the central banks?..."

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America’s “Safest Long Term Investment” Is Gold – Gallup | TheTradersWire.com

America’s “Safest Long Term Investment” Is Gold – Gallup | TheTradersWire.com | Gold and What Moves it. | Scoop.it

Seriously?-

 

"America’s “Safest Long Term Investment” Is Gold – Gallup

 

"Americans feel “gold is the safest long term investment” today, a Gallup survey has found.

 

"Gold was favoured over four other types of investments perceived as the best long term choice for American investors today.

 

"28% of the American public choose gold as their favoured investment of choice today..."

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Activist Post: States To Use Gold and Silver as Legal Tender

Activist Post: States To Use Gold and Silver as Legal Tender | Gold and What Moves it. | Scoop.it

As America slips into monetary oblivion, some states are turning to the US Constitutional right and desiring to use alternative currencies – preparing for the hyper-inflation that Bernanke is currently creating.

 

"Minnesota, Tennessee, Iowa, South Carolina and Georgia are awaiting approval from their respective governments to create a separate currency. This number is up from 2011, when just 3 states were brave enough to attempt this constitutional right.

 

“In the event of hyperinflation, depression, or other economic calamity related to the breakdown of the Federal Reserve System … the State’s governmental finances and private economy will be thrown into chaos,” said North Carolina Republican Representative Glen Bradley. He introduced a new currency bill in 2011.

 

"These states are planning on issuing gold or silver coins as tender “in payments of debts” as allotted them in the US Constitution. Law makers are becoming at ease with this proposal as the worth of the US dollar is further lessened by the actions of the Federal Reserve, and the prices of precious metals like gold and silver soar higher...."

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Euro Zone Manufacturing, Employment Drops, Sending Euro, Stocks Tumbling

Euro Zone Manufacturing, Employment Drops, Sending Euro, Stocks Tumbling | Gold and What Moves it. | Scoop.it

"Euro zone manufacturing shrank at the sharpest level in nearly three years in April and unemployment rose to a record high in March, sending the euro falling against the dollar Wednesday.

 

"Unemployment in the 17-country euro zone rose by 169,000 in March, increasing unemployment to 10.9 percent, according to official reports released Wednesday. That figure is the highest level since the formation of the euro in 1999..."

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Ed Steer's Gold & Silver Daily - US Mint sales of 10,000 ounces of Gold Eagles on May 1.

Ed Steer's Gold & Silver Daily - US Mint sales of 10,000 ounces of Gold Eagles on May 1. | Gold and What Moves it. | Scoop.it
With vanishingly small volumes in both silver and gold yesterday, I wouldn't read too much into Tuesday's price action.

 

Ed Steer had this to say on the U.S. Mint gold eagle sales:

 

"Surprisingly, the U.S. Mint had a sales report on the first day of May. They sold 10,000 ounces of gold eagles and, as Ted Butler pointed out, that was equal to 50 percent of all the gold eagles sold during the entire month of April."

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Patterns in gold price puzzling - but understandable - GOLD ANALYSIS

Patterns in gold price puzzling - but understandable - GOLD ANALYSIS | Gold and What Moves it. | Scoop.it

by Lawrence Williams:

 

"The out and out gold bulls, though, are unfazed by all this still looking for mega increases in the gold price sooner rather than later.

 

"With no short term fix likely for the economic crises afflicting the globe - and the huge amount of money being printed to try and retain some kind of stability in what may ultimately prove to be an extremely misguided semi-Keynesian solution, reality suggests some strength in gold at least for the next few years. The money printing has to lead to possibly serious inflation at some time down the road and people will again likely seize on gold as a protection against this, even if interest rates rise as a result.

 

"But given the apparent liquidations out of gold ETFs and of long positions on COMEX coupled with supposedly fragile Indian and Chinese demand, how come the price is even managing to remain where it is? Can Central Bank purchases perhaps be running at a higher level than seen so far - certainly the March figures when known Central Bank buying accounted for 58 tonnes of the stuff suggests that this is indeed increasing. If perhaps China is, as many suspect, adding to its own reserves significantly then underpinning of the gold price at or around current levels would not seem unreasonable. If China is indeed following a programme of quietly trading in some of its dollar assets for gold as a long term better bet, then if it is purchasing cannily on the markets it will be in there on price falls, but also be careful not to raise the price significantly either as not being in its own best interests in its longer term dollar replacement plans..."

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Peter @Grandich interview: Why The #Mining Stocks Are So Beat Down

Peter @Grandich interview: Why The #Mining Stocks Are So Beat Down | Gold and What Moves it. | Scoop.it
from FinancialSurvivalNet Peter Grandich is probably the best mining analyst around; mainly because he's been following mining stocks for the past 30 years.
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Quick quote from Peter @Grandich on gold, silver, and the dollar.

Peter Grandich:

 

"Gold and silver get hammered on no news, fight that way back only to be hammered again and again. U.S. Dollar briefly breaks key support only to see certain financial institution come in and buy, buy, buy. Where’s my tin-foil hat?"

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Biderman's Daily Edge 4/30/2012: QE to Infinity and Beyond!

TrimTabs President & CEO Charles Biderman discusses the government's influence on the future of the stock market and economy. Follow TrimTabs' research on Tw...
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oftwominds-Charles Hugh Smith: Where's the Collateral?

oftwominds-Charles Hugh Smith: Where's the Collateral? | Gold and What Moves it. | Scoop.it

by Charles Hugh Smith:

 

"A sound system of credit is built on collateral. A doomed system of debt sits precariously on phantom collateral.

 

"The global "recovery" is based not on reducing debt but on increasing it. Nice, but where's the collateral? The basic idea of debt is that credit is extended based on collateral, i.e. something of enduring, tradable value, or an income stream that isn't reduced to zero by non-discretionary spending and taxes.

 

"A funny thing happened to collateral like housing equity and financial assets in the past four years--it shrank by trillions of dollars. According to the latest Z1 "Balance Sheet of Households and Non-Profits" from the Federal Reserve, real estate fell by $4.9 trillion since the bubble top in 2007 and owners' equity lost $4.2 trillion..."

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